QVCAQ · As filed with the SEC
Old QVC Group income statement, by fiscal year
The statement as Old QVC Group presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements Of Operations · USD millions, except per-share amounts
| USD millions, except per-share amounts | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 |
|---|---|---|---|
| Total revenue, net | 9,230 | 10,037 | 10,915 |
| Operating costs and expenses: | |||
| Cost of goods sold (exclusive of depreciation and amortization shown separately below) | 6,064 | 6,524 | 7,230 |
| Operating expense | 675 | 734 | 795 |
| Selling, general and administrative, including stock-based compensation | 1,736 | 1,708 | 1,869 |
| Depreciation and amortization | 398 | 383 | 407 |
| Impairment of intangible assets (note 5) | 930 | 578 | 0 |
| Impairment of goodwill (note 5) | 1,477 | 902 | 326 |
| Gains on sales of assets and sale leaseback transactions | (5) | (1) | (113) |
| Restructuring, penalties and fire related costs, net of (recoveries) (note 14) | 53 | 18 | (189) |
| Total operating costs and expenses | 11,328 | 10,846 | 10,325 |
| Operating income (loss) | (2,098) | (809) | 590 |
| Other income (expense): | |||
| Interest expense | (496) | (468) | (451) |
| Interest and dividend income | 50 | 50 | 52 |
| Realized and unrealized gains (losses) on financial instruments, net (note 4) | (40) | (60) | (61) |
| Loss on disposition of Zulily, net (note 1) | 0 | 0 | (64) |
| Tax sharing income (expense) with Liberty Broadband | 10 | (4) | (11) |
| Other, net | (9) | 0 | 11 |
| Total other income (expense) | (485) | (482) | (524) |
| Earnings (loss) before income taxes | (2,583) | (1,291) | 66 |
| Income tax (expense) benefit (note 8) | 185 | 41 | (160) |
| Net earnings (loss) | (2,398) | (1,250) | (94) |
| Less net earnings (loss) attributable to the noncontrolling interests | 41 | 40 | 51 |
| Net earnings (loss) attributable to QVC Group, Inc. shareholders | (2,439) | (1,290) | (145) |
| Basic net earnings (loss) attributable to Series A and Series B QVC Group, Inc. shareholders per common share (in dollars per share) | (302.97) | (163.00) | (18.50) |
| Diluted net earnings (loss) attributable to Series A and Series B QVC Group, Inc. shareholders per common share (in dollars per share) | (302.97) | (163.00) | (18.50) |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.